RATS!! LOST ANOTHER ONE, DAMMIT!! Mark Wolfinger at Options for Rookies has shut down, SIGH, he made a lousy little 1,000 posts and decided that was enough, hahahahaha, wad ever, I'm taking the site off the "My Blog List", but he will still be in the link list, so any one can review his extensive educational series on Iron Condor's and other Income strategies like credit spreads, http://blog.mdwoptions.com/ .

It's just hard to keep good people around, ain't it???!!!!

By the by, on a personal basis I'm still struggling with his system of "Adjustments" on his trades, mainly the Condors, sigh, I'll keep after it, I'm sure I'm picking up more brain power the older I get, FOR SURE!!

Hahahahahahahaha................HAH! I was deleting the SPAM's out of the comments section, and some one left THIS: Great blog, how about links exchanging? Please contact me asap, Thanks.

By Anonymous on 2/4/09 on 7/5/11............................ again, HAHAHAHAHAHAHAHA..........HAH!!! In case you are wondering why I'm laughing, it's a little, eeeeeeeeeeerrrrrrrrrrrrr, DIFFICULT, to get back to some one who leaves no address or SITE link!!! Wad ever, I get this stuff all the time, LEAVE SOME INFO PEOPLE!

Hahahahaha, woooooo weeeeeeee, "Asset Allocator's", must be pulling their fricking hair out!! The, "Markets", finished higher, the, DOLLAR, finished higher, the, BONDS, finished higher, the, VIX, finished higher, the, GOLD, finished higher, and it shows a negative close on OIL, but five minutes after it closed it was actually HIGHER on the day. Speaking of that, five minutes after the close of the "negative" day we had yesterday on the SPY, it was like 25 cents HIGHER on the day, just as today, it's actually 22 ( SIC, now 36) cents higher than that close in the after hours, me thinks some real "stuff" is going on here.
ANYWAY, the whole thing brings out a big WAD EVER with me, sigh, I could care less. We actually finished outside the Bollinger bands for the THIRD day in a row, that's a big BUY signal, really, HONEST, when you look back in history at the number of times it's done this, the markets have "usually", aaaahhhhhh, eeeeeerrrrrrr, hhhhhhmmmmmm, PULLED BACK!! Of course, this is NOT "usual", so I'm about 99.999 percent certain we see that $135 area before we see any pull back. Again, WAD EVER!
Here's a couple of Ivica's picks this week, he's not real happy about the market, for as he so wonderfully states, the markets are "RISKY", IE, he doesn't really like holding any swing trades over night, also like he said, it's better to be bored than floored:

:TRADE OF THE DAY:

Bullish on Euro and Gold

By Mike Paulenoff, MPTrader.com

Based on the contracting, coil-consolidation type patterns carved out in the euro/dollar and in spot gold since the first week of May, those two markets right now are warning us to expect potentially powerful, bullish upside resolutions. This should propel the euro/dollar to 1.51-1.53 and spot gold prices to $1590-$1620. 

As for spot silver, my sense is that the bloom is off of that rose and that it will manage to climb only to the 42.00 area during the run to new highs in the euro/dollar and in spot gold.

In any case, if my pattern work proves accurate, then some "unexpected" catalyst is approaching that will attract money flows into euros (out of dollars) as well as into gold. Thus, we are bullish on the CurrencyShares Euro ETF (FXE).

Furthermore, if my works proves accurate, then the larger commodity complex in general, and oil in particular (which is priced in dollars along with gold), should benefit significantly.

Despite today's surge in the SPDR Gold Shares (GLD), the equivalent upmove to the projection in spot gold is 160.00. 

See article and chart at http://www.mptrader.com/middayminute/

Also, 

Bullish Structure for U.S. Steel

Also, July is FREE at MPTrader.  Sign Up for a Free July Trial!

By Mike Paulenoff, MPTrader.com

07/06/2011 04:47AM

Trend Is Up -- Buy on Weakness
A consolidation is likely following last week's massive buying spree, but the trends now favor a strong stock market. High Hopes for POT StockIf Potash can break from its current pattern, then it should make a successful run at its February high 

 By Sam Collins, Chief Technical Analyst, InvestorPlace

2 Most Likely Scenarios for StocksIf a healthy pullback does not occur, then stocks are likely to idle for the next few days. Get Serge Berger's full take on the markets.

Bobcat on top of a Saguaro

GOLD CANYON, Ariz. - The images are incredible A bobcat that has 
scampered to the top of a saguaro cactus -- and it was quite a climb!

The photos were captured in Gold Canyon, on the foot of the Superstition
Mountains, just east of Apachie Junction AZ.

The bobcat was trying to get away from a mountain lion that was stalking

it, explains the photographer Curt Fonger. He darted up a 40-foot saguaro, 
and there he stayed for the remainder of the day.

Curt Fonger and his wife Marta are living out their golden years on
wilderness' edge in Gold Canyon. With over 40 years of photography
experience, Curt recently had a career-defining moment.

"I've never had the luxury of seeing a bobcat on top of a saguaro," he 
says. "Just a beautiful creature, he was displaying himself proudly, kind of
looking around, probably trying to see if mister mountain lion was still
around... it was almost if he was posing!"

Curt says the golden cat with amber eyes stared back at him, perched on 
top of the cactus for hours.

"He was pretty relaxed, he kind of laid on top of the saguaro, shut his
eyes, almost as if he was sleeping" The bobcat eventually came down,

but Curt and Marta are still riding high.

"It was that Kodak moment I think every photographer lives for."

TOO DAMN OLD:

How to be cruel to old guys:   AARP Eye Chart

If you want to fish Montana this summer, I suggest you check out this outfit, http://montanariveroutfitters.com/blog/, my youngest son Matt is a guide for them. Mention my name and get 50%, ADDED, to your bill, hahahahahahahaha!

HAPPY FOURTH OF JULY! And, I couldn't fricking agree MORE: http://ibankcoin.com/flyblog/2011/07/03/happy-4th-of-july/

Just like some stupid old man (like some one I know), the "markets" need a rest, whether that will happen or not is any ones guess, when they start doing dumb ass things like this, they can stay stupid for a while. My favorite strategy, "GUESSING", is that we set up some thing like I talked about on the 26th, http://www.thecluelessqtrader.com/2011/06/blog-post_25.html, where we get a three wave "corrective" wave up into the $135 "resistance" "area". The problem is, is that we've gone to far, it would have been, quote, "better", if the first wave would have stopped at the first major resistance we hit on Thursday, which was the 50 DMA and the gap fill around $132, a pull back off of that level would have set up a terrific LONG play above $132 on an ensuing rally, but the very good ISM number on Friday gapped us over that area, thus I don't see any decent R/R in taking it here with out some kind of pull back first. My personal plan now would be to "hope" (another favorite strategy of mine) that they gap us up to that all important $135 "area" on Tuesday, and then start the pull back at that point. That would set up $135 as the fulcrum point, and look for an "equal move" scenario off of what ever low we set up on the hoped for pull back. For instance, any pull back should NOT fall below the $132 level, so say they gap us to $135, that would be a gain of 8 points from the start of the rally, we then wallow back down to $132 and start the second leg of the rally, that set's up a target of $140. Depending on how the action goes, you could probably screw around with it around the $132 "area", with a stop under that level, OR, you could wait for it to go back and attack the $135 "area", and set up your next take at that point. 

Wad ever, sigh, they sure get carried away, another scenario on a pull back would be a "back test" of that broken trend line, but that would basically be the same as the above. The worst thing is that they just continue up here, which if they do, I wish you all the best.

July has very strong seasonals, it's very typical to run up into the middle of the month, and then we get a big pull back after the bulk of earnings season is over with, usually into September, so I'm watching for that scenario to play out as well. 

The Bar Charts momentum index, http://www.barchart.com/education/help/stocks_momentum.php, is a compilation of stocks above their various MA's, it's interesting in that we had a huge surge on the 21st, a week ago last Tuesday, which was a big gap up day in the indexes, that resulted in a "bull trap" as we had a gap down and retest of the lows prior to this rally. What I find interesting is we had that huge surge, and now we are WAY above the level of the 21st on the indexes, but we have fewer stocks above their various MA's, IE, a divergence, or waning momentum if you will. 

The main men, the A/D's, are in terrific shape, leading the indexes higher by breaking over the May highs first, good stuff it is, for the people that like higher prices that is. 

The daily Summation index, at the top, finally triggered a new buy last week, and the weeklies at the bottom have also triggered a new buy signal on the 5.3 STOCH settings, although it continues to build out a HUGE divergence from the 2009 highs, which, in my opinion, will eventually lead to our down fall.

Here's some signals on various indexes based on a weekly "Price Envelope" break, most of the main indexes triggered a new long this week, but a number have NOT triggered, YET, like the XLF, SMH, FXI, Europe in the form of the ADRU, oil with XLE, and commodities in general with the GSG. SMH, XLE,, and ADRU will trigger with any positive close this week, while the others have some, aaaaaahhhhhh, work, to do. 

A truly schizo week as far as the economic "indicators", the, "BAD", out numbered the, "GOOD", but the good was so far out of wack when compared to some udder things, it makes you wonder. Like, where did that fantastic Chicago PMI come from???? Just totally off the map when compared with the absolutely HORRIBLE numbers we've been getting from the udder Regional FED's, hhhmmmmm. The ISM number on Friday was GREAT, as in, GREAT TRY, LYING FRICKING GOVERNMENT!! The following is just one article about the, eeeerrrrrrr, aaaaaahhhhhh, financial engineering schemes done on it, 

http://www.zerohedge.com/article/presenting-inventory-schizophrenia-chicago-pmi-and-manufacturing-ism, I mean, look at the metrics your self and make your own mind up. If things are so great, why do we feel so bad, well, this might be part of it, http://finance.yahoo.com/news/The-economic-recovery-turns-2-apf-324538623.html?x=0.

Anyway, none of it matters, as the economy and the stock markets are two ENTIRELY DIFFERENT ANIMALS!! As long as these slimy corporations continue to suck money out of "investors" here in the US, while taking their jobs and building new factories in Asia, and hiring ton's of FOXCONNER's, they will CONTINUE to rake in the MOOLA!! I'm real happy for them, REALLY!

HAH!! I can be a little, aaaahhhhhh, slow, at times, but to my credit I actually noticed this, that is, my inability to get candle stick charts for the commodity indexes at Stockcharts.com, I thought maybe it was my feed, or puter, or just a general dumb ass inability on my part to grasp the nuances of charts on the site, but they actually STOPPED doing candle sticks on commodities, and this is the reason, http://blogs.stockcharts.com/chipanderson/2011/06/commodity-data-at-stockcharts-past-present-and-future.html.

Sigh, with the way Da Boyz have been screwing with the feeds it wouldn't surprise me much to see, some time in the short future, the site go to a line chart on ALL the indexes, in order to try and keep the crooks at bay.

Speaking of, CROOKS, Da Boyz have out done themselves with this one, http://www.zerohedge.com/article/chicago-pmi-data-now-catering-hft-algos-deutsche-borse-buys-and-adds-datastream-alphaflash-h, "THEY", in this case Deutsche Boerse, is providing the release of the Chicago PMI AHEAD of the release to us retails........... hahahahahahahahaha, like, THAT'S NEWS???!!! I mean, we ALL know that Goldman dictates to Da Government what the numbers will be on their various releases, so this should come as no surprise! It does crack me up though, as it's going to create even MORE volatility prior to the actual release, as trader's try and game whether the price movement is the result of the ALGO's gaming the PRE-pre-release!

Larry Levine at tradingadvantage.com had a few choice comments about this. 

Lawyer with a heart One afternoon a lawyer was riding in his limousine when he saw two men along the roadside eating grass. Disturbed, he ordered his driver to stop and he got out to investigate. He asked one man, 'Why are you eating grass?' 'We don't have any money for food,' the poor man replied. 'We have to eat grass.' 'Well, then, you can come with me to my house and I'll feed you,' the lawyer said. 'But sir, I have a wife and two children with me. They are over there, under that tree.' 'Bring them along,' the lawyer replied. Turning to the other poor man he stated, 'You come with us, also.' The second man, in a pitiful voice, then said, 'But sir, I also have a wife and SIX children with me!' 'Bring them all, as well,' the lawyer answered They all entered the car, which was no easy task, even for a car as large as the limousine was. Once underway, one of the poor fellows turned to the lawyer and said, 'Sir, you are too kind.' 'Thank you for taking all of us with you.' The lawyer replied, 'Glad to do it. You'll really love my place. The grass is almost a foot high.'  ITALIAN NURSING HOME An Arabic family was considering putting their grandfather Abdul bin Abdullah in a nursing home.  All the Arabic facilities were completely full so they had to put him in an Italian nursing home.  After a few weeks in the Italian facility, they came to visit Grandpa. 'How do you like it here?' asks the grandson. 'It's wonderful! Everyone here is so courteous and respectful, and they do nice things with food because Italian ham is halal.' Says grandpa.  'We're so happy for you. We were worried that this was the wrong place for you. You know, since you are a little different from everyone.' 'Oh, no! Let me tell you about how wonderfully they treat the residents here", Abdul says with a big smile. 'There's a musician here- he's 85 years old. He hasn't played the violin in 20 years and everyone still calls him 'Maestro'! The family all smiled. 'There is a judge in here -- he's 95 years old. He hasn't been on the bench in 30 years and everyone still calls him 'Your Honor'!  'There's a dentist here 90 years old. He hasn't fixed a tooth for 25 years and everyone still calls him Doctor! The family was even more happy. "And me -- I haven't had sex for 35 years and they still call me "The Fucking Arab"! How the word Boob was invented. First volume of the new book How to Understand Women

 

Little did he know that 30+ years later people would be substituting "BUSH" for "Democrap", sigh, the worse part is not the eight years that he totally screwed us, it's that his policies allowed that "other" bunch to get virtual free rein to do what ever they wanted, and now we are REALLY SCREWED!

There once was a pervert named Weiner
Who had a perverted demeanor
Forced from the Hill
For acting like Bill
Now Congress is one weiner leaner


A blonde decides to try horseback riding, even though she has had no lessons, nor prior experience. She mounts the horse unassisted, and the horse immediately springs into motion. It gallops along at a steady and rhythmic pace, but the blonde begins to slide from the saddle.

In terror, she grabs for the horse's mane, but cannot seem to get a firm grip. She tries to throw her arms around the horse's neck, but she slides down the horse's side anyway. The horse gallops along, seemingly impervious to its slipping rider.

Finally, giving up her frail grip, the blonde attempts to leap away from the horse and throw herself to safety. Unfortunately, her foot has become entangled in the stirrup, she is now at the mercy of the horse's pounding hooves as her head is struck against the ground over and over.

As her head is battered against the ground, she is mere moments away from unconsciousness when to her great fortune... Frank, the Walmart greeter, sees her dilemma and unplugs the horse.

And you thought all they did was say Hello.


Subj: Fwd: Organ Player


Miss Beatrice, the church organist, was in her eighties. She was admired for her sweetness and kindness to all.

 One afternoon the pastor came to call on her and she showed him into her
 quaint sitting room.

 She invited him to have a seat while she prepared tea. As he sat facing
 her old Hammond organ, the young minister noticed a cut-glass bowl
 sitting on top of it. The bowl was filled with water, and in the water
 floated, of all things,  a condom! When she returned with tea and scones, they began to chat.

 The pastor tried to stifle his curiosity about the bowl of water and its
 strange floater, but soon it got the better of him and He could no
 longer resist. "Miss Beatrice", he said, "I wonder if you would tell me
 about this?" pointing to the bowl.

 "Oh, yes," she replied, "Isn't it wonderful? I was walking Through the
 Park a few months ago and I found this little package on the ground.
 The directions said to place it on the organ, keep it wet and that it
 would prevent the spread of disease. Do you know I haven't had the flu
 all winter?"